CVC to banks: Don’t relax lending norms for PSUs

The Central Vigilance Commission (CVC) has cautioned public sector bank officials against laxity while financing Central and State Public Sector Undertakings (PSUs).

In a note to the Finance Ministry CVC said that Public Sector Banks (PSBs) should not relax their systems and procedures while financing the undertakings. The Ministry has, in turn, sent a communication to banks.